On Oct. 19, ING Direct Asset Management Ltd., announced its plans to convert the ING DIRECT Streetwise Funds into mutual fund trusts, subject to the approval of shareholders.

A shareholders’ meeting was scheduled to take place on Jan. 5, 2009. ING Direct has rescheduled the meeting to Jan. 9, 2009.

The change in the meeting date does not impact the proposed conversion, the company said in a release.

If approved by the shareholders, the conversion will take effect after the close of business on Jan. 9, 2009.

ING Direct Asset Management is a wholly owned subsidiary of ING Bank of Canada.

IE